unit 6 outline

Unit 6 outline - Post-War Economy Economic recovery o Pent up demand for consumer goods o GI Bill guarantee access to education and support for

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Post-War Economy - Economic recovery o Pent up demand for consumer goods o GI Bill guarantee access to education and support for healthcare o This created a middle class – people generally have a surplus of money to spend o Not only economic recovery, but economic expansion - Increase in wages – people getting raises o Productivity – wages going up, dropping in rebellious activity (strikes), reaches a high point at 1950s. - Corporations’ Impact on American Life o World War II produced tremendous industrial concentration o In the 1950s few huge firms dominated many industries: General Motors, Ford, Chrysler – automobile industry o Conglomerates – a large corporation that owns many smaller companies that produce entirely different goods and services. Booming economy encouraged the development of conglomerates. o Led to further development of finance capitalism to help pit the deals together o Expansion – major corporations grew, smaller franchise operations provided a widely imitated pattern – also foreign markets. o
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This note was uploaded on 01/12/2011 for the course HIST 101 at Virginia Tech.

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Unit 6 outline - Post-War Economy Economic recovery o Pent up demand for consumer goods o GI Bill guarantee access to education and support for

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